Harbor Target Retirement 2025 Fund Institutional Class (HARMX)

NOT AVAILABLE FOR DIRECT INVESTORS OR INTERMEDIARIES

Portfolio Characteristics (As of Month Ended 10/31/2014)

 Target Retirement 2025 Fund Value
Number of Underlying Funds14

Actual Allocations (As of Month Ended 10/31/2014)

As of Month Ended 10/31/2014
As of Month Ended 10/31/2014
Harbor Fund% of Market Value
Equity
Capital Appreciation Fund5.2%
Mid Cap Growth Fund2.7%
Small Cap Growth Fund2.4%
Large Cap Value Fund6.1%
Mid Cap Value Fund4.0%
Small Cap Value Fund3.0%
International Fund9.8%
International Growth Fund5.3%
Global Growth Fund2.2%
Fixed Income
Unconstrained Bond Fund5.5%
High-Yield Bond Fund16.0%
Bond Fund27.8%
Real Return Fund6.1%
Commodities
Commodity Real Return Strategy Fund3.9%

The Harbor Target Retirement Income Fund is designed for investors currently in retirement, and its investments are expected to remain stable over time. The other Harbor Target Retirement Funds are designed for investors who plan to retire close to the year indicated in the Funds' names. These Funds' asset allocations will change over time and become more conservative as time elapses. The principal value of the Funds is not guaranteed at any time, including the target retirement date.